MEXC Ventures Invests in Indonesia’s crypto exchange Triv at $200M valuation to accelerate SEA expansion
MEXC Ventures, the investment arm of global cryptocurrency exchange MEXC, has announced a strategic investment in Triv, one of Indonesia’s most established and prominent cryptocurrency exchanges, which currently holds a valuation of $200 million.
This investment goes in line with the global MEXC strategy to support and develop innovative projects in the blockchain and cryptocurrency sectors and its aim to capitalize on Southeast Asia (SEA)’s rapidly growing digital asset market, MEXC Ventures said in a statement on Tuesday.
With investment in Triv, MEXC is expecting a substantial user base expansion, as the crypto adoption in Southeast Asia is advancing by leaps and bounds.
“As part of MEXC Ventures’ strategic focus…
